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Daily Compliance News

Daily Compliance News: August 29, 2024 – The Getting Ahead at Work Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen to the Daily Compliance News. All from the Compliance Podcast Network.

Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional.

In today’s edition of Daily Compliance News:

  • GenZ guide for getting ahead at work. (WaPo)
  • A whistleblower lawyer who used fake AI cases says no harm, no foul. (Reuters)
  • Criminal convictions in Switzerland for 1MDB scandal. (Reuters)
  • Treasury loosens AML requirements for financial advisors, real estate agents. (WSJ)

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

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Innovation in Compliance

Innovation in Compliance: Lisa Levy – Succession Planning and The Evolving Workforce: From Millennials to Gen Z

Innovation comes in many forms, and compliance professionals need to not only be ready for it but also embrace it.

In this episode, Tom Fox visits with Lisa Levy,  a thought leader renowned for her expertise in addressing succession planning challenges. We take a deep dive into this topic on this edition of Innovation in Compliance.

Lisa believes that succession planning in 2024 is more important than ever due to the complexities introduced by having five generations in the workforce, each with diverse expectations and work ethics. Lisa advocates for embedding succession planning into company culture as a strategic, intentional exercise that involves understanding employees’ skills, aspirations, and institutional knowledge to nurture and grow talent internally. She champions the use of technology, such as AI tools, to personalize growth plans and emphasizes the need for continuous evaluation, transparency, and communication to implement a successful succession planning framework, ensuring organizational resilience and smooth leadership transitions.

We discuss how the younger generations, including millennials and Gen Z, have shifted the employment paradigm by seeking roles that align with their values. Lisa reflects on their own journey of becoming ‘wholly unemployable’ over 15 years and highlights how Gen Z entered the workforce during the pandemic, taking on gigs like Uber and DoorDash as traditional roles were shut down. This generational shift shows a move towards prioritizing personal fulfillment over conventional job security.

Key Highlights:

  • Lisa Levy on her Unemployable Journey
  • Millennials and Value-Driven Careers
  • The Paradigm Shift in Employment
  • Gen Z’s Workforce Entry During the Pandemic

Resources:

Lisa Levy on  LinkedIn 

The Preferred Disruption and Innovation Catalyst

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The Hill Country Podcast

The Hill Country Podcast: Matt Goodwyn on Service Leadership and Community Engagement at Schreiner University

Welcome to award-winning The Hill Country Podcast. The Texas Hill Country is one of the most beautiful places on earth.

In this podcast, Hill Country resident Tom Fox visits with the people and organizations that make this the most unique area of Texas. This week, Tom visits with Matt Goodwyn, Dean of Students at Schreiner University.

Matt’s expertise also encompasses the realm of conflict resolution in social media, a skill honed through a doctoral program in psychology with a focus on mediation. Goodwyn’s perspective on conflict resolution in social media is that while the specific approach may vary between online and offline venues, the overarching goal remains consistent: to find a solution.

He emphasizes that despite Gen Z’s inclination towards swift conflict resolution due to the rapid pace of online interactions, the fundamental values and desires for resolution remain constant across generations. Moreover, Goodwyn insists on the necessity of education, focusing on open communication and patience throughout the resolution process as key factors for successful outcomes, regardless of the age of those involved.

Key Highlights:

  • Generational Differences in Social Media Conflict Resolution
  • Seamless Integration: Schreiner University and Kerrville Bond
  • Schreiner University’s Vision for Academic Expansion”
  • Engaging  with Schreiner University’s Vibrant Community

Resources:

Schreiner University

Matt Goodwyn

Other Hill Country Focused Podcasts

Hill Country Authors Podcast

Hill Country Artists Podcast

Texas Hill Country Podcast Network

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10 For 10

10 For 10: Top Compliance Stories For The Week Ending January 27, 2024

Welcome to 10 For 10, the podcast that brings you the week’s Top 10 compliance stories in one podcast each week. Tom Fox, the Voice of Compliance, brings to you, the compliance professional, the compliance stories you need to be aware of to end your busy week. Sit back, and in 10 minutes, hear about the stories every compliance professional should be aware of from the prior week. Every Saturday, 10 For 10 highlights the most important news, insights, and analysis for the compliance professional, all curated by the Voice of Compliance, Tom Fox. Get your weekly filling of compliance stories with 10 for 10, a podcast produced by the Compliance Podcast Network.

  1. God told Paster to commit cryptofraud.  (NYT)
  2. When fraud starts at the top. (FT)
  3. Shkreli lifetime pharma ban upheld. (Reuters)
  4. China is cracking down on data corruption. (South China Morning Post)
  5. Exxon sues to prevent shareholder climate petitions at Board meetings.  (BBC)
  6. Toughening China’s forced labor import ban is coming. (WSJ)
  7. Gen Z is taking on more part-time jobs. What are the compliance risks? (WaPo)
  8. Binance fights SEC oversight. (Reuters)
  9. The fraud of belts and roads.  (WSJ)
  10. ICBC was fined $32MM by DFS. (WSJ)

For more information on Ethico and a free White Paper on top compliance issues in 2024, click here.

You can check out the Daily Compliance News for four curated compliance and ethics-related stories each day, here.

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